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Originally Posted by scorpion
"23 hour trading" means one thing: either the broker is small or not knowledgable or both. There're certain server administrations that make maintanance during any hour without disruption to end-users possible. Just cluster a group of back-end servers with 1-IP dynamic DNS routing then 24h/5 serving is very possible. They can simply close the transactions book and compute the earnings once a week like major brokers do.
Everything else like api is sooo sweet! I'm looking forward to the great offer  |
there are many reason why they might not offer 23 hour trading. THe technology behind efx is mbtrading and they initially start off with equities and futures so it's hardly surprising they dind't factor in 24 hour trading days. It's most likely there are some daily processing required. It's the same case with Interarctive brokers .... which is probably the best overall retail brokerage offering. I would rather go with efx than say ibfx knowing that I'm getting tight spreads...mkt depth and high liquidity.